SEC 8-K filings with transcript text
Aug 11, 2026
rmbl-20260805
FALSE000159696112/3100015969612026-08-052026-08-0500015969612026-01-012026-12-31
Pursuant to Section 13 OR 15(d) of The Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): August 5, 2026
RideNow Group, Inc.
(Exact name of registrant as specified in its charter)
Nevada
(State or other jurisdiction
of incorporation)
001-38248
(Commission File Number)
46-3951329
(I.R.S. Employer Identification No.)
2677 E Willis Road, Chandler, Arizona 85286
(Address of principal executive offices)(Zip Code)
Registrant’s telephone number, including area code (480) 755-5200
(Former name or former address, if changed since last report)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
¨ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
¨ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
¨ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2 (b))
¨ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4 (c))
Securities registered pursuant to Section 12(b) of the Act:
Title of each classTrading Symbol(s)Name of each exchange on which registered
Class B Common Stock, $0.001 par valueRDNWThe Nasdaq Stock Market LLC
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter). Emerging growth company ¨
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ¨
Item 2.02. Results of Operations and Financial Condition.
On August 11, 2026, RideNow Group, Inc. (the “Company”) issued a press release announcing its results for the second quarter ended June 30, 2026. A copy of the press release is attached hereto as Exhibit 99.1.
The information contained under Item 2.02 in this Current Report on Form 8-K, including Exhibit 99.1, is being furnished and, as a result, such information shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or otherwise subject to the liabilities of that section, nor shall such information be deemed incorporated by reference in any filing under the Securities Act of 1933, as amended (the “Securities Act”), or the Exchange Act, except as shall be expressly set forth by specific reference in such a filing.
Item 5.03. Amendments to Articles of Incorporation or Bylaws; Change in Fiscal Years
On August 5, 2026, the Board of Directors (the “Board”) of the Company approved and adopted the Third Amended and Restated Bylaws of the Company (the “Amended and Restated Bylaws”), effective as of August 5, 2026. The Amended and Restated Bylaws amend and restate the Company’s Second Amended and Restated Bylaws in their entirety.
Among other administrative and modernizing updates, the principal changes reflected in the Amended and Restated Bylaws include the following:
•Remote Meetings and Electronic Notice: Modernizes meeting procedures by explicitly authorizing virtual/remote stockholder meetings and permitting electronic delivery of meeting notices via email or electronic posting in compliance with Nevada Revised Statutes (“NRS”) Title 7 standards.
•Universal Proxy Rules Integration (Rule 14a-19): Updates advance notice procedures to incorporate procedural and informational requirements in connection with Rule 14a-19 under the Securities Exchange Act of 1934, as amended (the “Universal Proxy Rules”), including requiring nominating stockholders to represent that they will solicit holders of shares representing at least 67% of the voting power, submit candidate questionnaires and representations, and provide required documentary evidence prior to the meeting.
•Exclusive Forum: Designates the Eighth Judicial District Court of Clark County, Nevada as the sole and exclusive forum for internal corporate actions and claims governed by the internal affairs doctrine, and designates the federal district courts of the United States of America as the sole and exclusive forum for resolving claims arising under the Securities Act of 1933, as amended.
•Uncertificated Shares: Grants explicit authority for the issuance and electronic tracking of uncertificated shares.
The foregoing summary of the Amended and Restated Bylaws does not purport to be complete and is qualified in its entirety by reference to the full text of the Amended and Restate
May 14, 2026
Mar 9, 2026
2 a2025q4er-ex991.htm
Document
Exhibit 99.1
RideNow Group, Inc. Reports Fourth Quarter and Full Year 2025 Financial Results
Growth in Same Store Revenue, Gross Profit and Unit Volume in the Fourth Quarter
CHANDLER, Arizona – March 9, 2026 – RideNow Group, Inc. (NASDAQ: RDNW), ("we", "our", the "Company", or "RideNow"), today announced financial results for the fourth quarter and full year ended December 31, 2025.
Key Fourth Quarter 2025 Highlights (Compared to Fourth Quarter 2024):
•Powersports Revenue totaled $256.1 million
•On a same store sales basis, Powersports Revenue was up 6.3%, driven by a 7.7% increase in unit sales
•Powersports Gross Profit was $70.7 million, up 10.1%
•Selling, general & administrative expense was $64.1 million, or 90.4% of total Company gross profit, compared to $64.2 million, or 95.1% of total Company gross profit
•Net loss was $6.4 million, including a non-cash intangible asset impairment charge of $0.8 million related to the exit of the vehicle transportation services business, compared to a net loss of $56.4 million, which included a non-cash intangible asset impairment charge of $39.3 million
•Adjusted EBITDA(1) increased to $9.7 million from $2.2 million
Key Full Year 2025 Highlights (Compared to Full Year 2024)
•Powersports Revenue of $1,073.9 million, a 6.7% decrease
•On a same store sales basis, Powersports Revenue was down 4.6%, driven by a 1.7% decrease in unit sales
•Selling, general & administrative expense was $256.3 million compared to $275.4 million, down 6.9%
•Net loss improved 33.3% to $52.4 million compared to a net loss of $78.6 million, including non-cash intangible asset impairment charges of $34.8 million and $39.3 million, respectively
•Adjusted EBITDA(1) increased 40.4% to $46.2 million
Commenting on the quarter, Chairman, Chief Executive Officer and President Michael Quartieri said, "I am proud of our team and the substantial progress we have made on our “back to our roots” strategy, with momentum building through the fourth quarter. These performance gains are a clear indication we are on the right trajectory to deliver sustained growth and value creation for our shareholders."
Fourth Quarter 2025 Results
Fourth Quarter
($ in millions except units)20252024YOY Change
Revenue$256.9 $269.6 (4.7)%
Gross Profit$70.9 $67.5 5.0 %
Adjusted SG&A(1) $59.9 $62.3 (3.9)%
Operating Income (Loss)$5.4 $(41.1)NM
Net Income (Loss)$(6.4)$(56.4)(88.7)%
Adjusted EBITDA(1) $9.7 $2.2 340.9 %
1
Fourth Quarter
($ in millions except units)20252024YOY Change
Unit Retail Sales:
New Powersports9,924 10,217 (2.9)%
Pre-owned Powersports4,125 3,925 5.1 %
Full Year 2025 Results
Full Year
($ in millions except units)20252024YOY Change
Revenue$1,082.5 $1,209.2 (10.5)%
Gross Profit$298.0 $314.3 (5.2)%
Adjusted SG&A(1) $243.8 $270.0 (9.7)%
Operating Loss$(0.2)$(15.2)(98.7)%
Net Income (Loss)$(52.4)$(78.6)(33.3)%
Adjusted EBITDA(1) $46.2 $32.9 40.4 %
Unit Retail Sales:
New Powersports38,459 42,464 (9.4)%
Pre-owned Powersports18,416 18,275 0.8 %
Full Year
($ in millions)20252024YOY Change
Operating Cash Flow$15.9 $99.4 (84.0)%
Capital Expenditures$(5.6)$(2.0)180.0 %
Free Cash Flow(1) $10.3 $97.4 (89.4)%
Dec. 31,Dec. 31,
20252024YOY Change
Cash (unrestricted)$29.5 $85.3 (65.4)%
Long-term Debt, including Current Maturities$207.6 $251.1 (17.3)%
Principal of Long-Term Debt, including Current Maturities$218.8 $267.4 (18.2)%
Non-Vehicle Net Debt(1)
$189.3 $182.1 4.0 %
NM = not meaningful.
(1) Adjusted SG&A, EBITDA, Adjusted EBITDA, Free Cash Flow, and Non-Vehicle Net Debt are non-GAAP measures. Reconciliations of most directly comparable GAAP to non-GAAP financial measures are provided in accompanying financial schedules.
2
Fourth Quarter 2025 — Segment Results
Powersports Segment
Powersports as ReportedFourth Quarter
$ in millions, except per unit20252024YOY Change
Unit Sales (#)
Retail
New(1) 9,924 10,217 (2.9)%
Pre-owned4,125 3,925 5.1 %
Total retail(1) 14,049 14,142 (0.7)%
Wholesale1,593 1,206 32.1 %
Total Powersports Unit Sales(1) 15,642 15,348 1.9 %
Revenue
New retail vehicles(1) $133.5 $138.5 (3.6)%
Pre-owned retail vehicles45.8 41.3 10.9 %
Wholesale vehicles4.2 6.6 (36.4)%
Finance & Insurance, net 24.1 22.6 6.6 %
Parts, Services, and Accessories48.5 47.2 2.8 %
Total Powersports Revenue(1) $256.1 $256.2 — %
Gross Profit
New retail vehicles$17.6 $15.0 17.3 %
Pre-owned retail vehicles6.6 5.1 29.4 %
Wholesale vehicles(0.3)(0.5)40.0 %
Finance & Insurance, net 24.1 22.6 6.6 %
Parts, Services, and Accessories22.7 22.0 3.2 %
Total Powersports Gross Profit$70.7 $64.2 10.1 %
Powersports GPU(2) $5,032 $4,543 10.8 %
(1) Includes a reduction of $7.1 million in revenue and 585 units in the fourth quarter of 2025 resulting from the correction of an immaterial error related to fleet sales that were improperly recorded in prior periods in 2025.
(2) Calcu
Nov 4, 2025
2 q32025earningsrelease-ex991.htm
Document
Exhibit 99.1
RideNow Group, Inc. Reports Third Quarter 2025 Financial Results
Powersports Returns to Growth
CHANDLER, Arizona – November 4, 2025 – RideNow Group, Inc. (NASDAQ: RDNW), ("we", "our", the "Company", or "RideNow"), today announced financial results for the third quarter ended September 30, 2025.
Key Third Quarter 2025 Highlights (Compared to Third Quarter 2024)
•Powersports Revenue up slightly on higher unit sales
•Powersports Gross profit up 6.9%, more than offsetting the decline in the transportation services segment
•Reduced Selling, general & administrative expense (SG&A) by 2.3%
•Net loss improved 63.4% to a loss of $4.1 million compared to $11.2 million in last year's third quarter
•Adjusted EBITDA increased 80.9% to $12.3 million, compared with $6.8 million during the third quarter of the prior year
Commenting on the quarter, Chairman, Chief Executive Officer and President Michael Quartieri said, "I am pleased to report the momentum we experienced in the second quarter accelerated into the third quarter with the Company’s "back to our roots" strategy driving improved results. We see a clear path for continued improvement in performance, sustained growth, and value creation for our shareholders."
Third Quarter 2025 Results
Three Months Ended September 30,
($ in millions)20252024YOY Change
Revenue$281.0 $295.0 (4.7)%
Gross Profit$76.0 $74.3 2.3 %
Adjusted SG&A(1) $61.5 $64.3 (4.4)%
Operating Income$9.4 $5.3 77.4 %
Net Loss$(4.1)$(11.2)63.4 %
Adjusted EBITDA(1) $12.3 $6.8 80.9 %
Unit Retail Sales:
New Powersports9,904 9,740 1.7 %
Pre-owned Powersports4,701 4,549 3.3 %
1
Nine Months Ended September 30,
($ in millions)20252024YOY Change
Operating Cash Flow$15.5 $68.6 (77.4)%
Capital Expenditures$(5.0)$(1.6)(212.5)%
Free Cash Flow(1) $10.5 $67.0 (84.3)%
Sep. 30,Dec. 31,
20252024Change
Cash (unrestricted)$35.4 $85.3 (58.5)%
Long-term Debt, including Current Maturities$207.5 $251.1 (17.4)%
Non-Vehicle Debt$220.3 $267.4 (17.6)%
Non-Vehicle Net Debt(1)
$184.9 $182.1 1.5 %
(1) Adjusted SG&A, EBITDA, Adjusted EBITDA, Free Cash Flow, and Non-Vehicle Net Debt are non-GAAP measures. Reconciliations of GAAP to non-GAAP financial measures are provided in accompanying financial schedules.
2
Third Quarter 2025 — Segment Results
Powersports Segment
Three Months Ended September 30,
$ in millions, except per unit20252024YOY Change
Unit Sales (#)
Retail
New9,904 9,740 1.7 %
Pre-owned4,701 4,549 3.3 %
Total retail 14,605 14,289 2.2 %
Wholesale1,344 1,059 26.9 %
Total Powersports Unit Sales15,949 15,348 3.9 %
Revenue
New retail vehicles$147.1 $147.1 — %
Pre-owned retail vehicles53.5 52.7 1.5 %
Wholesale vehicles3.7 6.6 (43.9)%
Finance & Insurance, net 24.9 24.3 2.5 %
Parts, Services, and Accessories50.8 49.2 3.3 %
Total Powersports Revenue$280.0 $279.9 — %
Gross Profit
New retail vehicles$18.5 $16.6 11.4 %
Pre-owned retail vehicles8.6 7.7 11.7 %
Wholesale vehicles(0.2)(0.5)(60.0)%
Finance & Insurance, net 24.9 24.3 2.5 %
Parts, Services, and Accessories23.9 22.7 5.3 %
Total Powersports Gross Profit$75.7 $70.8 6.9 %
Powersports GPU(1) $5,183 $4,955 4.6 %
(1) Calculated as total powersports gross profit divided by total retail units sold.
Vehicle Transportation Services Segment
Three Months Ended September 30,
($ in millions)20252024Change
Vehicles Transported (#)1,460 24,285 (94.0)%
Vehicle Transportation Services Revenue$1.0 $15.1 (93.4)%
Vehicle Transportation Services Gross Profit $0.3 $3.5 (91.4)%
Balance Sheet, Liquidity and Cash Flow
The Company ended the quarter with $51.8 million in total cash, inclusive of restricted cash, and $184.9 million of non-vehicle net debt. Availability under the Company's powersports short-term revolving floor plan lines of credit totaled approximately $131.1 million as of September 30, 2025. Total Available Liquidity, defined as total cash plus availability under floorplan credit facilities, was $182.9 million as of September 30, 2025. Cash inflows from operating activities were $15.5 million for the first nine months of 2025, compared to $68.6 million for the same
3
period in 2024. Last year's cash flow from operations was driven by the reduction of excess inventory and benefited from the proceeds from the sale of the Company's loans receivable portfolio.
On August 10, 2025, the Company entered into an agreement with its lenders to extend the maturity date of its term debt credit agreement to September 30, 2027, at a 50-basis point reduction in interest, with revised financial covenants and other requirements. In connection with this amendment and extension, the Company paid down $20.0 million in principal on the term debt, funded from proceeds of $10.0 million in subordinated notes with certain related parties and existing cash balances. Following the paydown of the principal balance, cash payments for other intere
Aug 11, 2025
May 7, 2025
rmbl-20250507
Pursuant to Section 13 OR 15(d) of The Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): May 7, 2025
RumbleOn, Inc.
(Exact name of registrant as specified in its charter)
Nevada
001-38248
46-3951329
(State or Other Jurisdiction of Incorporation)(Commission File Number)(I.R.S. Employer Identification No.)
901 W. Walnut Hill Lane, Suite 110A
Irving, Texas
75038
(Address of Principal Executive Offices)(Zip Code)
Registrant’s telephone number, including area code (214) 771-9952
Not Applicable
(Former name or former address, if changed since last report.)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
¨
Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
¨
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
¨
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2 (b))
¨
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4 (c))
Securities registered pursuant to Section 12(b) of the Act:
Title of each classTrading Symbol(s)Name of each exchange on which registered
Class B Common Stock, $0.001 par valueRMBLThe Nasdaq Stock Market LLC
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter). Emerging growth company ¨
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ¨
Item 2.02. Results of Operations and Financial Condition.
On May 7, 2025, RumbleOn, Inc. issued a press release announcing its results for the first quarter ended March 31, 2025. A copy of the press release is attached hereto as Exhibit 99.1.
The information contained under Item 2.02 in this Current Report on Form 8-K, including Exhibit 99.1, is being furnished and, as a result, such information shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or otherwise subject to the liabilities of that section, nor shall such information be deemed incorporated by reference in any filing under the Securities Act of 1933, as amended, or the Exchange Act, except as shall be expressly set forth by specific reference in such a filing.
Item 9.01. Financial Statements and Exhibits.
(d)Exhibits
Exhibit No.Description
99.1
Press Release, dated May 7, 2025.
104Cover Page Interactive Data File (embedded within the Inline XBRL document).
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
Date: May 7, 2025By: /s/ Michael Quartieri
Michael Quartieri Chairman, Chief Executive Officer, and Interim Chief Financial Officer
Mar 11, 2025
2 a2024q4er-ex991.htm
Document
Exhibit 99.1
RumbleOn Reports Fourth Quarter and Full Year 2024 Financial Results
IRVING, Texas – March 11, 2025 – RumbleOn, Inc. (NASDAQ: RMBL), ("RumbleOn" or "the Company"), today announced financial results for its fourth quarter and full year ended December 31, 2024.
Key Fourth Quarter 2024 Highlights (Compared to Fourth Quarter 2023):
•Revenue of $269.6 million decreased 13.4%
•Net loss totaled $56.4 million compared to net loss of $168.5 million, including intangible asset impairment charges of $39.3 million in 2024 and $60.1 million in 2023. Net loss in 2023 also included an increase in the deferred tax valuation allowance that resulted in income tax expense of $59.3 million being recorded on a loss.
•Selling, general & administrative expense (SG&A) was $64.2 million compared to $81.7 million
•Adjusted EBITDA(1) of $2.2 million compared to a loss of $0.3 million
Key Full Year 2024 Highlights (Compared to Full Year 2023)
•Revenue of $1,209.2 million decreased 11.5%
•Net loss totaled $78.6 million compared to net loss of $215.5 million
•Selling, general & administrative expense (SG&A) was $275.4 million compared to $347.3 million
•Adjusted EBITDA(1) of $32.9 million decreased 12.0%
Other Highlights:
•Fully repaid $38.8 million of 6.75% convertible senior notes upon maturity in January 2025
•Raised $10 million in a rights offering
•Completed a sale-leaseback for a dealership property with gross proceeds of $4.0 million
•Entered into a new $16.0 million floor plan line for pre-owned inventory with a related party
•Reduced inventories by $106.9 million and floor plan notes payable by $81.4 million during the year
•Operating cash inflows for 2024 totaled $99.4 million compared to cash outflows of $38.9 million in 2023
•Reduced Non-Vehicle Net Debt(1) in 2024 by $60.8 million to $182.1 million
"Despite the macroeconomic challenges of 2024, we remained focused on disciplined execution, operational efficiency, and building a strong foundation for long-term value creation. While our powersports segment faced headwinds, we exceeded our goal of reducing new inventory levels and generated positive free cash flow for the year. I’m incredibly proud of our front-line store operations team for delivering exceptional performance in a tough environment. There’s more work ahead to strengthen profitability in 2025, but with the right inventory mix and a well-developed plan, we’re confident we can deliver sustained, improved results,” stated Michael Quartieri, RumbleOn’s Chairman and Chief Executive Officer.
Fourth Quarter 2024 Results
Fourth Quarter
($ in millions except units)20242023YOY Change
Revenue$269.6 $311.2 (13.4)%
Gross Profit$67.5 $71.2 (5.2)%
Adjusted SG&A(1) $62.3 $80.8 (22.9)%
Operating Loss$(40.6)$(75.4)46.2 %
Net Loss$(56.4)$(168.5)66.5 %
Adjusted EBITDA(1)
1
Fourth Quarter
($ in millions except units)20242023YOY Change
Unit Retail Sales:
New Powersports10,217 11,293 (9.5)%
Pre-owned Powersports3,925 4,303 (8.8)%
Full Year
($ in millions except units)20242023YOY Change
Revenue$1,209.2 $1,366.4 (11.5)%
Gross Profit$314.3 $359.9 (12.7)%
Adjusted SG&A(1) $270.0 $333.1 (18.9)%
Operating Loss$(14.7)$(69.5)78.8 %
Net Loss$(78.6)$(215.5)63.5 %
Adjusted EBITDA(1) $32.9 $37.4 (12.0)%
Unit Retail Sales:
New Powersports42,464 45,706 (7.1)%
Pre-owned Powersports22,524 26,956 (16.4)%
Full Year
($ in millions)20242023YOY Change
Operating Cash Flow$99.4 $(38.9)355.5 %
Capital Expenditures$(2.0)$(13.7)85.4 %
Free Cash Flow(1) $97.4 $(52.6)285.2 %
Dec. 31,Dec. 31,
20242023Change
Cash (unrestricted)$85.3 $58.9 44.8 %
Long-term Debt, including Current Maturities$251.1 $274.3 (8.5)%
Non-Vehicle Debt(1)
$267.4 $301.8 (11.4)%
Non-Vehicle Net Debt(1)
$182.1 $242.9 (25.0)%
(1) Adjusted SG&A, EBITDA, Adjusted EBITDA, Free Cash Flow, and Non-Vehicle Net Debt are non-GAAP measures. Reconciliations of GAAP to non-GAAP financial measures are provided in accompanying financial schedules.
NM = Not meaningful.
Fourth Quarter 2024 — Segment Results
Powersports Segment
2
Fourth Quarter
$ in millions, except per unit20242023YOY Change
Unit Sales (#)
Retail
New10,217 11,293 (9.5)%
Pre-owned3,925 4,303 (8.8)%
Total retail 14,142 15,596 (9.3)%
Pre-owned wholesale1,206 1,995 (39.5)%
Total Powersports Unit Sales15,348 17,591 (12.8)%
Revenue
New$138.5 $157.0 (11.8)%
Pre-owned 47.9 56.3 (14.9)%
Finance & Insurance, net 22.6 27.3 (17.2)%
Parts, Services, and Accessories47.2 57.6 (18.1)%
Total Powersports Revenue$256.2 $298.2 (14.1)%
Gross Profit
New$15.0 $20.7 (27.5)%
Pre-owned 4.7 (5.8)181.0 %
Finance & Insurance, net 22.6 27.3 (17.2)%
Parts, Services, and Accessories22.0 25.6 (14.1)%
Total Powersports Gross Profit$64.3 $67.8 (5.2)%
Powersports GPU(1) $4,547 $4,350 4.5 %
(1) Calculated as total powersports gross profit divided by total retail unit
Nov 12, 2024
rmbl-20241112
Pursuant to Section 13 OR 15(d) of The Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): November 12, 2024
RumbleOn, Inc.
(Exact name of registrant as specified in its charter)
Nevada
001-38248
46-3951329
(State or Other Jurisdiction of Incorporation)(Commission File Number)(I.R.S. Employer Identification No.)
901 W. Walnut Hill Lane, Suite 110A
Irving, Texas
(Address of Principal Executive Offices)
75038
(Zip Code)
Registrant’s telephone number, including area code (214) 771-9952
Not Applicable
(Former name or former address, if changed since last report.)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
¨
Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
¨
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
¨
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2 (b))
¨
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4 (c))
Securities registered pursuant to Section 12(b) of the Act:
Title of each classTrading Symbol(s)Name of each exchange on which registered
Class B Common Stock, $0.001 par valueRMBLThe Nasdaq Stock Market LLC
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter). Emerging growth company ¨
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ¨
Item 2.02. Results of Operations and Financial Condition.
On November 12, 2024, RumbleOn, Inc. (the “Company”) issued a press release reporting its results for the quarter ended September 30, 2024. A copy of the press release is furnished as Exhibit 99.1 to this report.
The information furnished pursuant to this Item 2.02, including Exhibit 99.1, shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or otherwise subject to the liabilities under that section and shall not be deemed to be incorporated by reference into any filing of the Company under the Securities Act of 1933, as amended, or the Exchange Act, except as shall be expressly set forth by specific reference in such filing.
Item 9.01. Financial Statements and Exhibits.
(d)Exhibits
Exhibit No.Description
99.1
Press Release, dated November 12, 2024.
104Cover Page Interactive Data File (embedded within the Inline XBRL document).
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
Date: November 12, 2024By: /s/ Tiffany Kice
Tiffany Kice Chief Financial Officer
Aug 7, 2024
rmbl-20240807
Pursuant to Section 13 OR 15(d) of The Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): August 7, 2024
RumbleOn, Inc.
(Exact name of registrant as specified in its charter)
Nevada
(State or Other Jurisdiction
of Incorporation)
001-38248
(Commission File Number)
46-3951329
(I.R.S. Employer Identification No.)
901 W. Walnut Hill Lane, Suite 110A
Irving, Texas
(Address of Principal Executive Offices)
75038
(Zip Code)
Registrant’s telephone number, including area code (214) 771-9952
Not Applicable
(Former name or former address, if changed since last report.)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
¨
Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
¨
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
¨
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2 (b))
¨
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4 (c))
Securities registered pursuant to Section 12(b) of the Act:
Title of each classTrading Symbol(s)Name of each exchange on which registered
Class B Common Stock, $0.001 par valueRMBLThe Nasdaq Stock Market LLC
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter). Emerging growth company ¨
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ¨
Item 2.02. Results of Operations and Financial Condition.
On August 7, 2024, RumbleOn, Inc. (the “Company”) issued a press release reporting its results for the quarter ended June 30, 2024. A copy of the press release is furnished as Exhibit 99.1 to this report.
The information furnished pursuant to this Item 2.02, including Exhibit 99.1, shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or otherwise subject to the liabilities under that section and shall not be deemed to be incorporated by reference into any filing of the Company under the Securities Act of 1933, as amended, or the Exchange Act, except as shall be expressly set forth by specific reference in such filing.
Item 9.01. Financial Statements and Exhibits.
(d)Exhibits
Exhibit No.Description
99.1
Press Release, dated August 7, 2024.
104Cover Page Interactive Data File (embedded within the Inline XBRL document).
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
Date: August 7, 2024By: /s/ Tiffany Kice
Tiffany Kice Chief Financial Officer
May 8, 2024
Mar 14, 2024
rmbl-20240314
Pursuant to Section 13 OR 15(d) of The Securities Exchange Act of 1934
Date of Report (Date of earliest event reported):March 14, 2024
RumbleOn, Inc.
(Exact name of registrant as specified in its charter)
Nevada
(State or Other Jurisdiction
of Incorporation)
001-38248
(Commission File Number)
46-3951329
(I.R.S. Employer Identification No.)
901 W. Walnut Hill Lane, Suite 110A
Irving, Texas
(Address of Principal Executive Offices)
75038
(Zip Code)
Registrant’s telephone number, including area code (214) 771-9952
Not Applicable
(Former name or former address, if changed since last report.)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
¨
Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
¨
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
¨
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2 (b))
¨
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4 (c))
Securities registered pursuant to Section 12(b) of the Act:
Title of each classTrading Symbol(s)Name of each exchange on which registered
Class B Common Stock, $0.001 par valueRMBLThe Nasdaq Stock Market LLC
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter). Emerging growth company ¨
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ¨
Item 2.02. Results of Operations and Financial Condition.
On March 14, 2024, RumbleOn, Inc. (the “Company”) issued a press release reporting its results for the fourth quarter and year ended December 31, 2023. A copy of the press release is furnished as Exhibit 99.1 to this report.
The information furnished pursuant to this Item 2.02, including Exhibit 99.1, shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or otherwise subject to the liabilities under that section and shall not be deemed to be incorporated by reference into any filing of the Company under the Securities Act of 1933, as amended, or the Exchange Act, except as shall be expressly set forth by specific reference in such filing.
Item 9.01. Financial Statements and Exhibits.
(d)Exhibits
Exhibit No.Description
99.1
Press Release, dated March 14, 2024.
104Cover Page Interactive Data File (embedded within the Inline XBRL document).
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
Date: March 14, 2024By: /s/ Michael W. Kennedy
Michael W. Kennedy Chief Executive Officer
Nov 7, 2023
2 rmbl-991earningrelease9302.htm
Document
Exhibit 99.1
RumbleOn Reports Third Quarter 2023 Financial Results
Paid Down $47 Million of Term Debt
Reiterates 2023 Outlook
IRVING, Texas – November 7, 2023 – RumbleOn, Inc. (NASDAQ: RMBL) (the “Company” or “RumbleOn”), the largest powersports retailer in North America, today announced operational and financial results for the three months ended September 30, 2023. RumbleOn management is hosting an earnings call to discuss the Company’s results today, November 7, 2023, at 7:00 am CT (8:00 am ET).
Third Quarter 2023 Financial and Operational Highlights
•Total Unit Sales of 17,573, comprised of 10,851 New Units and 6,722 Used Units, resulting in New:Used ratio of 1.6x, a slight decrease from the prior quarter
•Total Company Revenue of $338.1 million, down 11.7% sequentially, driven by normal seasonal trends.
•Total Company Gross Profit of $91.9 million; Total Company Gross Profit Margin of 27.2% decreased 60 bps sequentially
•Net Loss from Continuing Operations of $16.5 million with Loss per Share from Continuing Operations of $0.99
•Adjusted Net Loss of $11.9 million with Adjusted Diluted Loss per Share of $0.71
•Adjusted EBITDA of $13.2 million, impacted by lower used unit sales and GPU, partially offset by the positive impact from SG&A reductions
•Announced $100 million Rights Offering
•Reached agreement with primary creditor for revised leverage covenants
•Used net proceeds from sale leaseback of Real Estate portfolio to repay $47 million of debt
Management Commentary
Mike Kennedy, RumbleOn's Chief Executive Officer, stated, “I am thrilled to join RumbleOn at such an exciting time in the transformation journey. I look forward to bringing my extensive industry experience to guide the company in its next chapter. During the quarter, the team made significant progress towards strengthening our balance sheet and cutting costs, positioning the company for future growth and success."
Mr. Kennedy continued, “Looking ahead, the entire leadership team and the Board are laser focused on driving growth and profitability as well as a disciplined capital allocation plan to effectively deliver value for our shareholders.”
Third Quarter 2023 — Summary Financial Results
Reconciliation of GAAP to non-GAAP financial measures are provided in accompanying financial schedules.
Unless otherwise noted, all comparisons in the narrative are on a sequential basis for the three months ended September 30, 2023, as compared to the three months ended June 30, 2023. The following table provides operating highlights related to continuing operations.
(Unaudited)
$ in millions except per share amountsThree Months EndedChange
Sep 30, 2023Jun 30, 2023Sep 30, 2022SequentialYear-over-Year
Total Unit Sales (#)17,57320,27718,393(13.3)%(4.5)%
Total Revenue$338.1$382.7$380.7(11.7)%(11.2)%
Gross Profit$91.9$106.4$114.4(13.6)%(19.7)%
Gross Profit Margin27.2%27.8%30.0%(60) bps(280) bps
Income (loss) from continuing operations$(16.5)$(12.8)$3.728.9%nm
Diluted Earnings (Loss) per Share from Continuing Operations$(0.99)$(0.78)$0.2326.9%nm
Adjusted EBITDA$13.2$23.6$26.1(44.2)%(49.4)%
Adjusted Net Income (Loss)$(11.9)$0.3$5.3nmnm
Adjusted Diluted Earnings (Loss) per Share$(0.71)$0.02$0.33nmnm
nm = not meaningful
Total Unit Sales 17,573 units decreased 13.3%, driven by typical seasonality in the powersports business.
Total Revenue of $338.1 million decreased 11.7%.
Total Gross Profit of $91.9 million decreased 13.6% and Gross Profit Margin was 27.2%, down from 27.8%. Sequential decrease in gross profit margin was in line with our prior expectations.
Operating Expenses were $92.2 million, or 27.3% of revenue, compared to $105.6 million, or 27.6% of revenue. Total stock-based compensation was $3.1 million compared to $4.9 million in the prior quarter.
Loss from Continuing Operations was $16.5 million, or 4.9% of revenue, compared to $12.8 million, or 3.4% of revenue. Loss per diluted share was $0.99 compared to $0.78.
Adjusted Net Income (Loss) was $(11.9) million, or (3.5)% of revenue, compared to $0.3 million or 0.1% of revenue. Adjusted net income (loss) per diluted share was $(0.71) compared to $0.02.
Adjusted EBITDA was $13.2 million, compared to $23.6 million. The 44.2% sequential decrease in Adjusted EBITDA was driven by the impact of lower unit sales as expected due to the seasonality in the Powersports segment partially offset by the effects of recently implemented cost reductions.
Cash and Restricted Cash as of September 30, 2023 was approximately $59.5 million, and total debt was $369.9 million.
Total Available Liquidity, defined as unrestricted cash plus availability under floor plan credit facilities for inventory on hand at September 30, 2023, totaled approximately $73.6 million.
Cash Flow used in Operating Activities was $19.3 million for the nine months ended September 30, 2023.
2
Weighted Average Basic and Diluted Shares of Class A an
Aug 9, 2023
2 rmbl-991earningrelease6302.htm
Document
Exhibit 99.1
RumbleOn Reports Second Quarter 2023 Financial Results
IRVING, Texas – August 9, 2023 – RumbleOn, Inc. (NASDAQ: RMBL) (the “Company” or “RumbleOn”), the nation's first, and largest, publicly traded powersports platform (dealership group), today announced operational and financial results for the three months ended June 30, 2023. RumbleOn management is hosting an earnings call to discuss the Company’s results today, August 9, 2023, at 7:30 am CT (8:30 am ET).
Second Quarter 2023 Financial and Operational Highlights
•Total Unit Sales of 20,277, comprised of 13,126 New Units and 7,151 Used Units, resulting in New:Used ratio of 1.8x, a slight increase from the prior quarter and more in line with a normal post-Covid ratio
•Total Company Revenue of $382.7 million, up 14.5% sequentially, driven primarily by a rebound in new powersports vehicle sales and normal seasonal trends
•Total Company Gross Profit of $106.4 million; Total Company Gross Profit Margin of 27.8% increased 80 bps sequentially
•Net Loss from Continuing Operations of $(12.8) million with Loss per Share from Continuing Operations of $(0.78)
•Adjusted Net Income of $0.3 million with Adjusted Diluted Earnings per Share of $0.02
•Adjusted EBITDA of $23.6 million, impacted by lower used unit sales and GPU, and a lag in the impact of SG&A reductions
•Company to invite Stone House Capital Management’s Mark Cohen to join Board of Directors, subject to the Company's governance procedures
•Reached agreement with primary creditor for revised leverage covenants
•Signed a letter of intent for sale leaseback of Real Estate portfolio
•Signed a letter of intent to sell finance company credit portfolio
Management Commentary
Mark Tkach, RumbleOn's interim Chief Executive Officer, stated, “In a very short period of time, we’ve taken meaningful proactive measures to better position the business for 2023 and beyond. We have restructured our financing agreement, taken decisive actions to improve our balance sheet, cost structure and corporate governance, giving us additional flexibility to execute on our strategies.”
Mr. Tkach continued, “Our highly motivated team has a set of priorities to capitalize on the substantial opportunity in the fragmented powersports landscape. I am confident that our efforts will drive improved, and more consistent, sales and profitability performance over the long-term.”
Second Quarter 2023 — Summary Financial Results
Reconciliation of GAAP to non-GAAP financial measures are provided in accompanying financial schedules.
Unless otherwise noted, all comparisons in the narrative are on a sequential basis for the three months ended June 30, 2023, as compared to the three months ended March 31, 2023. The following table provides operating highlights related to continuing operations.
(Unaudited)
$ in millions except per share amountsThree Months EndedChange
Jun 30, 2023Mar 31, 2023Jun 30, 2022SequentialYear-over-Year
Total Unit Sales (#)20,27717,22120,71317.7%(2)%
Total Revenue$382.7$334.4$412.214.5%(7)%
Gross Profit$106.4$90.3$133.117.8%(20)%
Gross Profit Margin27.8%27.0%32.3%80 bps(450) bps
Income (loss) from continuing operations$(12.8)$(16.7)$13.6(23.2)%nm
Diluted Earnings (Loss) per Share from continuing operations$(0.78)$(1.03)$0.85(24.3)%nm
Adjusted EBITDA$23.6$10.8$43.6118.6%(46)%
Adjusted Net Income (Loss)$0.3$(9.4)$18.9nm(98)%
Adjusted Diluted Earnings (Loss) per Share$0.02$(0.58)$1.17nm(98)%
nm = not meaningful
Total Unit Sales 20,277 units increased 17.7%, driven by typical seasonality in the powersports business and strong growth of new vehicle sales, offset by lower than expected used unit sales.
Total Revenue of $382.7 million increased 14.5%.
Total Gross Profit of $106.4 million increased 17.8% and Gross Profit Margin was 27.8%, up from 27.0%. Sequential increase in gross profit margin was in line with our prior expectations.
Operating Expenses were $105.6 million, or 27.6% of revenue, compared to $91.0 million, or 27.2% of revenue. Total stock-based compensation was $4.9 million up from $2.1 million in the prior quarter. If expenses related to key one-time occurrences were excluded, second quarter Operating Expenses would have remained flat sequentially while revenue increased $48.3 million.
Loss from Continuing Operations was $(12.8) million, or (3.4)% of revenue, compared to $(16.7) million, or (5.0)% of revenue. Loss per diluted share was $(0.78) compared to $(1.03).
Adjusted Net Income (Loss) was $0.3 million, or 0.1% of revenue, compared to $(9.4) million or (2.8)% of revenue. Adjusted net income per diluted share was $0.02 compared to $(0.58).
Adjusted EBITDA was $23.6 million, compared to $10.8 million. The sequential increase in adjusted EBITDA of 118.6% was driven by expected seasonality in the Powersports segment coupled with early effects of recently implemented cost reductions.
Cash and Restricted Cash as
May 10, 2023
2 rmbl-991earningrelease3312.htm
Document
Exhibit 99.1
RumbleOn Reports First Quarter 2023 Financial Results
Announces 17,336 Q1 Total Unit Sales
$10-$15 Million Additional SG&A Expense Reduction Plan
Reiterates 2023 Full Year Outlook
IRVING, Texas – May 10, 2023 – RumbleOn, Inc. (NASDAQ: RMBL) (the “Company” or “RumbleOn”), the nation's first technology-based powersports platform, today announced operational and financial results for the three months ended March 31, 2023. RumbleOn management is hosting an earnings call to discuss the Company’s results today, May 10, 2023, at 7:30 am CT (8:30 am ET).
First Quarter 2023 Financial and Operational Highlights
•Total Unit Sales of 17,336, primarily comprised of 10,436 New Units and 6,900 Used Units, resulting in New:Used ratio of 1.5x, similar to prior quarter
•Total Company Revenue of $346.3 million
•Total Company Gross Profit of $91.0 million; Total Company Gross Profit Margin of 26.3% increased 110 bps sequentially
•Net Loss of $(16.9) million with Diluted Loss per Share of $(1.04)
•Adjusted Net Income of $0.8 million with Adjusted Diluted Earnings per Share of $0.05
•Adjusted EBITDA of $10.7 million, impacted by gross margin compression and a lag in the impact of SG&A reductions
Management Commentary
Marshall Chesrown, RumbleOn's Chairman and Chief Executive Officer commented, “In the first quarter, we experienced normal seasonality, delivering revenue and unit sales in line with our expectations. We achieved this in the face of unprecedented industry-wide new vehicle inventory rebalancing over the course of the Q4 and Q1 of this year, not to mention significant atypical seasonal weather disruptions. These factors have not altered our Five Pillar plan to profitably grow our Company. They have slowed us down a bit, but we proactively managed through these difficult headwinds and are back on plan in March and April.”
“In 2023, we will continue to implement the Five Pillars of our strategy: self-funding, reduction and refinancing of debt, technology, continuing to improve the customer experience, and increasing market share through organic growth and M&A. We are intently focused on striking the right balance between prudent investment in our business and expense control, given the current economic environment. We will see the effects of these SG&A reductions flow through the remainder of the year and are confident in the outlook we previously provided,” concluded Chesrown.
First Quarter 2023 — Summary Financial Results
Reconciliation of GAAP to non-GAAP financial measures are provided in accompanying financial schedules.
Unless otherwise noted, all comparisons in the narrative are on a sequential basis for the three months ended March 31, 2023, as compared to the three months ended December 31, 2022.
(Unaudited)
$ in millions except per share amountsThree Months EndedChange
Mar 31, 2023Dec 31, 2022Mar 31, 2022SequentialYear-over-Year
Total Unit Sales (#)17,33618,41919,380(5.9)%(11)%
Total Revenue$346.3$369.5$445.2(6.3)%(22)%
Gross Profit$91.0$93.1$105.2(2.3)%(13)%
Gross Profit Margin26.3%25.2%23.6%110 bps270 bps
Net Income (Loss)$(16.9)$(287.7)$9.1(94.1)%nm
Diluted Earnings (Loss) per Share$(1.04)$(17.80)$0.58(94.2)%nm
Adjusted EBITDA$10.7$18.7$31.4(42.5)%(66)%
Adjusted Net Income (Loss)$0.8$(11.0)$14.7107.3%(95)%
Adjusted Diluted Earnings (Loss) per Share$0.05$(0.68)$0.94107.4%95%
nm = not meaningful
Total Unit Sales of 17,336 units declined (5.9)%, driven by typical seasonality in the powersports business.
Total Revenue of $346.3 million declined (6.3)%. Powersports Segment revenue was essentially flat.
Total Gross Profit of $91.0 million declined (2.3)% and Gross Profit Margin was 26.3%, up from 25.2%. Sequential increase in gross profit margin was in line with our prior expectations.
Operating Expenses were $91.8 million, or 26.5% of revenue, compared to $98.1 million, or 26.6% of revenue. Total stock-based compensation was $2.9 million up from $2.1 million in the prior quarter.
Net Loss was $(16.9) million, or (4.9)% of revenue, compared to $(287.7) million, or (77.9)% of revenue. Loss per diluted share was $(1.04) compared to $(17.80).
Adjusted Net Income (Loss) was $0.8 million, or 0.2% of revenue, compared to $(11.0) million or (3.0)% of revenue. Adjusted net income (loss) per diluted share was $0.05 compared to $(0.68).
Adjusted EBITDA was $10.7 million, compared to $18.7 million. The sequential decrease in adjusted EBITDA of (42.5)% was driven by modest gross margin compression in the Powersports Segment, and lower gross profit contribution from the Automotive Segment.
Cash and Restricted Cash as of March 31, 2023 was approximately $61.8 million, and total debt was $376.8 million. Availability under our short-term revolving floorplan credit facilities totaled approximately $159.1 million.
Total Available Liquidity, defined as unrestricted cash plus availability under floorplan
Mar 16, 2023
2 rmbl-991earningrelease1231.htm
Document
Exhibit 99.1
RumbleOn Reports Fourth Quarter and Full Year 2022 Financial Results
Announces Record Full Year and Q4 Powersports Unit Sales
Executes on $15 Million+ of SG&A Cost Reductions
Creating strategic partnership with Camping World (NYSE: CWH)
Provides 2023 Outlook
IRVING, Texas – March 16, 2023 – RumbleOn, Inc. (NASDAQ: RMBL) (the “Company” or “RumbleOn”), the nation's first technology-based powersports platform, today announced operational and financial results for the three months and full year ended December 31, 2022. RumbleOn management is hosting an investor call to discuss the Company’s results today, March 16, 2023, at 7:30 am CT (8:30 am ET).
Full-Year 2022 Financial and Operational Highlights
•Total Unit Sales of 81,037 across Powersports and Automotive Segments.
•Total Powersports Unit Sales of 73,413 with Used Powersports Units of 31,764.
•Powersports Segment Revenue of $1.4 billion, including the elimination of $71.0 million1, representing 78% of Total Company Revenue of $1.8 billion.
•Powersports Segment Gross Profit of $429.9 million, comprising over 95% of Total Company Gross Profit.
•Net Loss of $(261.5) million with Diluted Loss per Share of $(16.48). Full-year GAAP EPS reflects a $350.3 million non-cash impairment charge. Excluding the effects of the non-cash impairment charge and other non-recurring items, but including stock-based compensation expense, Adjusted Net Income of $37.3 million with Adjusted Diluted Earnings per Share of $2.35.
•Adjusted EBITDA of $120.1 million, driven by Powersports gross margin compression and reduced gross profit contribution from the automotive segment.
Fourth Quarter 2022 Financial and Operational Highlights
•Total Unit Sales of 18,419 across Powersports and Automotive Segments, impacted by the exiting of the Automotive Segment.
•Total Powersports Unit Sales of 17,550 with Used Powersports Units of 6,917, resulting in New:Used ratio of 1.54x, which increased slightly from the prior quarter.
•Powersports Segment Revenue of $320.5 million, including the elimination of $18.6 million1. Powersports segment revenue was 87% of Total Company Revenue of $369.5 million,
•Powersports Segment Gross Profit of $89.7 million comprising over 96% of Total Company Gross Profit of $93.1 million; Total Company Gross Profit Margin of 25.2% declined 60 bps sequentially.
•Net Loss of $(287.7) million with Diluted Loss per Share of $(17.80). Fourth quarter GAAP EPS reflects a $350.3 million pre-tax non-cash impairment charge. Excluding the effects of the non-cash impairment charge and other non-recurring items, but including stock-based compensation expense, Adjusted Net Loss of $(11.0) million with Adjusted Diluted Loss per Share of $(0.68).
•Adjusted EBITDA of $18.7 million, impacted by lower gross profit contribution from the Automotive segment combined with modest gross margin compression in the Powersports segment.
•Significant Financial Flexibility with cash, including restricted cash, of $58.6 million and total available liquidity of $196.1 million as of December 31, 2022, inclusive of availability under Powersports inventory financing credit facility of $75.0 million, announced on October 26, 2022.
1 During the year-end process, we identified and corrected a gross up of internal revenue and internal cost of sales for powersports, that has no net impact to gross profit, gross profit per unit, operating income (loss), net income (loss), or Adjusted EBITDA. The 2022 quarterly impact (in thousands) consists of a dollar-for-dollar reduction to both revenue and cost of revenue for each respective three month period and year then ended: $14,719 (Q1), $18,094 (Q2), $19,615 (Q3), $18,569 (Q4), and $70,997 (2022 total).
1
•Signed an engagement letter with JP Morgan to review our balance sheet initiatives and options for 2023.
•Completed 3 “Tuck-In” acquisitions, 2 Polaris and 1 Honda franchise, in Texas. These acquisitions were funded from operating cash for a total purchase price of $4.8 million.
•Paid down $15 million of long-term debt.
Management Commentary
Marshall Chesrown, RumbleOn's Chairman and Chief Executive Officer commented, “Our fourth quarter results reflect forward-looking actions taken to better position the business for 2023 and beyond. We are aggressively addressing macroeconomic uncertainties, as we operate in an environment of normalized inventory levels and associated margin pressures. We are building a solid foundation for long-term profitable growth, all while making prudent, timely and disciplined investments in technology and customer experience improvements online and in our stores. Further, the fulfillment process being rolled out will enable our operations and teams to become more agile to meet customer demand through diligent on time inventory management and customer selection and service.”
“With an ongoing focus on maintaining financial health and a strong
Nov 9, 2022
2 rmbl-991earningrelease9302.htm
Document
Exhibit 99.1
RumbleOn Reports Third Quarter 2022 Financial Results
•Delivers Total Company Revenue of $470.3 million and Gross Profit of $116.3 million driven by robust unit sales and GPU performance in the Powersports Segment
•Announces decision to explore strategic alternatives for the Automotive business
•Increased Powersports Segment FY 2022 revenue outlook to at least $1.5 billion
IRVING, Texas – November 9, 2022 – RumbleOn, Inc. (NASDAQ: RMBL) (the “Company” or “RumbleOn”), the nation's first technology-based omnichannel powersports platform, today announced operational and financial results for the three months ended September 30, 2022. RumbleOn management is hosting an investor call to discuss the Company’s results today, November 9, 2022, at 7:30 am CT (8:30 am ET).
Financial and Operational Highlights for the Third Quarter 2022
•Total Unit Sales of 19,908 across Powersports and Automotive Segments impacted by expected third quarter seasonality in the Powersports Segment and deceleration in the Automotive Segment
•Total Powersports Unit Sales of 18,393 with Used Powersports Units of 8,420 resulting in New:Used ratio of 1.18x demonstrating continued progression towards our target New:Used ratio of 1.0x
•Powersports Segment Revenue of $385.4 million, or 82% of Total Company Revenue of $470.3 million
•Powersports Segment Gross Profit of $111.0 million comprised over 95% of Total Company Gross Profit of $116.3 million; Total Company Gross Profit Margin of 24.7% declined 60 bps sequentially
•Automotive Segment Revenue of $70.0 million and Gross Profit of $1.9 million declined both sequentially and on a year-over-year basis driven by continuing normalization of wholesale vehicle prices
•Net Income of $3.0 million with Diluted Earnings per Share of $0.19
•Excluding charges and credits but including stock-based compensation expense, Adjusted Net Income of $4.4 million with Adjusted Diluted Earnings per Share of $0.27
•Adjusted EBITDA of $25.7 million, impacted by lower gross profit contribution from the Automotive segment combined with modest gross margin compression in the Powersports segment
•Significant financial flexibility with cash and cash equivalents, including restricted cash, of $49.2 million and total available liquidity of $193.8 million as of September 30, 2022; incremental liquidity from used Powersports inventory financing credit facility of $75.0 million announced on October 26, 2022
•Reached a global settlement of all current and any potential or future claims with the former owners of RideNow
Management Commentary
Marshall Chesrown, RumbleOn's Chairman and Chief Executive Officer commented, “We continued to make good progress in the third quarter, and demonstrated our market leadership in Powersports. We sold well over 18,000 Powersports units in the third quarter, and generated over $385 million in revenue from the Powersports Segment alone, despite the anticipated and previously discussed seasonal impacts across our business. While demand for our offering is proving resilient, certain demand trends are beginning to surface, for the most part in regards to vehicle type and price point. Our diverse product mix of inventory and manufacturers combined with our integrated offerings, such as parts and service, position us well to continue to capture market share amidst various demand environments. Our overall results were also impacted by our strategic decision to purchase fewer automotive units during the quarter, due to what we see as structural changes in the post-Covid wholesale auto business."
"As of August 31st, we reached our one year anniversary of our landmark acquisition of RideNow. Since then, we’ve positioned ourselves as a leader in the new and used Powersports market; expanded to 55 retail locations, with a management structure to drive success. We established ourselves as a go-to partner for the major manufacturers, and are continuing to develop tools, technology and processes to meaningfully improve the customer experience, all while positioning ourselves for long-term growth and profitability. I look forward to more significant improvements to come as we continue to build the future of Powersports,” concluded Chesrown.
Third Quarter 2022 — Summary Financial Results
Reconciliation of GAAP to non-GAAP financial measures are provided in accompanying financial schedules.
Unless otherwise noted, all comparisons in the narrative are on a sequential basis for the three months ended September 30, 2022, as compared to the three months ended June 30, 2022.
(Unaudited)
$ in millions except per share amountsThree Months EndedChange
Sep 30, 2022Jun 30, 2022Sep 30, 2021SequentialYear-over-Year
Total Unit Sales (#)19,90823,3305,711(14.7)%249%
Total Revenue$470.3$546.1$221.2(13.9)%113%
Gross Profit$116.3$138.0$37.4(15.7)%211%
Gross Profit Margin24.7%25.3%16.9%(60) bps780 bps
Net Income (Loss)$3.0$14.0$
Aug 9, 2022
2 rmbl-991earningrelease6302.htm
Document
Exhibit 99.1
RumbleOn Reports Record Second Quarter 2022 Financial Results
•Delivered Record Revenue of $546.1 million — over Half a Billion in a Quarter for the First Time
•Generated Gross Profit of $138.0 million, an Increase of 31% Sequentially
•Reported Diluted Earnings per Share of $0.87 and Adjusted Diluted Earnings per Share of $1.20
IRVING, Texas – August 9, 2022 – RumbleOn, Inc. (NASDAQ: RMBL) (the “Company” or “RumbleOn”), the nation's first technology-based omnichannel powersports platform, today announced operational and financial results for the three months ended June 30, 2022. RumbleOn management is hosting an investor call to discuss the Company’s results today, August 9, 2022, at 7:30 am CT (8:30 am ET).
Financial and Operational Highlights for the Second Quarter 2022
•Total Unit Sales of 23,330 across Powersports and Automotive segments increased 20.4% sequentially
•Strong Powersports Unit growth of 23.6% sequentially resulting in 20,713 total Powersports Units sold driven by sustained momentum in Used Retail Powersports Units which increased 41.3% sequentially to 8,619 units
•Record Total Company Revenue of $546.1 million, up 18.7% sequentially, driven by exceptional Powersports segment Revenue of $414.8 million, an increase of 23.2% sequentially
•Gross Profit of $138.0 million, an increase of over 31.1% sequentially, and Gross Profit Margin of 25.3%, an increase of 240 bps sequentially
•Net Income of $14.0 million increased 53.5% sequentially with Diluted Earnings per Share of $0.87
•Excluding charges and credits but including stock-based compensation expense, Adjusted Net Income of $19.3 million increased 59.5% sequentially with Adjusted Diluted Earnings per Share of $1.20
•Adjusted EBITDA of $44.3 million increased 41.0% sequentially
•Continued strong cash generation with Cash Flow from Operating Activities of $50.0 million for the six months ended June 30, 2022, while accelerating strategic investments in facilities, technology, and people & processes aimed at building scale
•Significant financial flexibility with cash and cash equivalents, including restricted cash, of $77.7 million and total available liquidity of $270.0 million as of June 30, 2022, which excludes equity in owned Used Powersports inventory of over $86.0 million
•Outlook reaffirmed for Full Year 2022 Revenue of $1.9 Billion to $2.0 Billion and Adjusted EBITDA of at least $145.0 million
Management Commentary
Marshall Chesrown, RumbleOn's Chairman and Chief Executive Officer commented, “In a quarter marked by macroeconomic uncertainty, RumbleOn executed. We saw strong demand for our offering in Q2 and delivered another quarter of profitable growth while driving gross margin expansion and robust cash generation. We are building the future of powersports by delivering an unparalleled customer experience, both online and in the showroom, through our unique onmnichannel offering, and we continue to capture market share."
"We are keeping our eyes firmly focused on our North Star: providing customers an unparalleled choice of products and services, and an unmatched buying experience both online and in our retail locations, while we strengthen our foundation to support future growth,” concluded Chesrown.
Second Quarter 2022 — Summary Financial Results
Reconciliation of GAAP to non-GAAP financial measures are provided in accompanying financial schedules.
Unless otherwise noted, all comparisons are on a sequential basis for the three months ended June 30, 2022, as compared to the three months ended March 31, 2022.
(Unaudited)
$ in millions except per share amountsThree Months EndedChange
Jun 30, 2022Mar 31, 2022Jun 30, 2021SequentialYear-over-Year
Total Unit Sales (#)23,33019,3805,71120.4%309%
Total Revenue$546.1$459.9$168.318.7%224%
Gross Profit$138.0$105.2$19.531.1%608%
Gross Profit Margin25.3%22.9%11.6%240 bps 1,370 bps
Net Income (Loss)$14.0$9.1$(3.4)53.5%nm
Diluted Earnings (Loss) per Share$0.87$0.58$(1.05)50.0%nm
Adjusted EBITDA$44.3$31.4$3.041.0%nm
Adjusted EBITDA Margin8.1%6.8%1.8%130 bps630 bps
Adjusted Net Income (Loss)$19.3$12.1$(2.4)59.5%nm
Adjusted Diluted Earnings (Loss) per Share$1.20$0.77$(0.76)55.8%nm
nm = not meaningful
Total unit sales grew 20.4% to 23,330 units. Powersports segment made up approximately 88.8% of total unit sales in the second quarter and the automotive segment made up the remaining approximately 11.2%.
Total revenue grew 18.7% to $546.1 million, driven primarily by strength across the powersports segment. Powersports segment revenue made up approximately 76.0% of total revenue in the second quarter, the automotive segment made up approximately 21.2%, and the vehicle logistics segment made up approximately 2.8%.
Gross profit grew 31.1% to $138.0 million and gross profit margin was 25.3%, up from 22.9%. Increases were driven by broad based strength across all three business segments. The powersp
May 10, 2022
2 rmbl-991earningrelease3312.htm
Document
Exhibit 99.1
RumbleOn Reports Record First Quarter 2022 Financial Results
•Used retail powersports unit sales increased 31% sequentially
•Record revenue of $460 million and gross profit of $105 million
•Robust cash generation with cash flow from operations over $31 million
IRVING, Texas – May 10, 2022 – RumbleOn, Inc. (NASDAQ: RMBL) (the “Company” or “RumbleOn”), the nation's first technology-based omnichannel powersports platform, today announced operational and financial results for the three months ended March 31, 2022. RumbleOn management is hosting an investor call to discuss the Company’s results today, May 10, 2022, at 7:30 am CT (8:30 am ET).
Management Commentary
Marshall Chesrown, RumbleOn's Chief Executive Officer commented, “We are reimagining the customer experience, building the future of powersports, both online and in the showroom, and we’ve made great strides on our mission. We strengthened our omnichannel consumer offering, expanded our national footprint, and deepened our leadership position in powersports.”
“We entered 2022 with great momentum and a new regional management structure to support our vision -- and our first quarter results demonstrate our strong execution. Not only are we capturing market share, we are doing so with gross margin expansion and robust cash generation," continued Chesrown.
“We remain singularly focused on our North Star, providing customers an unparalleled choice of products and services, as well as an unmatched buying experience. We are confident that we are positioning RumbleOn for sustainable long-term growth and profitability,” concluded Chesrown.
First Quarter 2022 — Summary Financial Results
Reconciliation of GAAP to non-GAAP financial measures are provided in accompanying financial schedules.
Unless otherwise noted, all comparisons are on a sequential basis for the three months ended March 31, 2022, as compared to the three-months ended December 31, 2021.
(Unaudited)
$ in millionsThree Months EndedChange
Mar 31, 2022Dec 31, 2021Mar 31, 2021SequentialYear-over-Year
Total Unit Sales (#)19,38017,0373,50013.8%454%
Total Revenue1 $459.9$430.3$104.36.9%341%
Gross Profit$105.2$90.1$11.216.8%839%
Gross Profit Margin22.9%20.9%10.7%200bps1,200bps
Net Income (Loss)$9.1$20.7$(4.5)(56.0)%nm
Adjusted EBITDA$31.4$24.3$0.029.2%nm
1 Revenue from Finance and Insurance (F&I) is being recognized on a net basis. F&I revenue for 3 months ended Dec 31, 2021 has been stated on a net basis for comparison purposes.
nm = not meaningful
Total unit sales grew 13.8% to 19,380 units. Powersports segment made up approximately 86.5% of total unit sales in the first quarter and the automotive segment made up the remaining approximately 13.5%.
Total revenue grew 6.9% to $459.9 million, driven primarily by strength across the powersports segment, which was partially offset by a decline in revenue from the automotive segment. The powersports segment revenue made up approximately 73.2% of total revenue in the first quarter, the automotive segment made up approximately 24.1%, and the vehicle logistics segment made up approximately 2.7%.
Gross profit grew 16.8% to $105.2 million and gross profit margin was 22.9%, up from 20.9% in the prior quarter. Increases were driven by strength across the powersports segment and partially offset by the automotive and vehicle logistics segments, which made up approximately 3.4% and 2.4% of gross profit in the first quarter, respectively.
Operating expenses were $82.6 million, or 17.9% of revenue, compared to $74.2 million or 17.2% of revenue in the prior quarter. Total stock-based compensation was $1.9 million down from $2.1 million.
Net income was $9.1 million or 2.0% of revenue, as compared to $20.7 million or 4.8% of revenue in the prior quarter. As a reminder, net income included a one-time tax benefit of approximately $11 million in the fourth quarter of 2021.
Adjusted EBITDA was $31.4 million, up 29.2% from $24.3 million in the prior quarter.
Cash and cash equivalents as of March 31, 2022, including restricted cash, was approximately $68.9 million. Total debt was $380.0 million and net debt, defined as total debt less cash and cash equivalents, including restricted cash, was $311.1 million. Availability under our floor plan credit facilities, defined as the aggregate amount of floor plan credit facilities less the aggregate amount of borrowings against the floor plan credit facilities, totaled $132.3 million. Total available liquidity, defined as cash and cash equivalents, including restricted cash, plus availability under our floor plan credit facilities, totaled $201.2 million.
Cash flow from operating activities was $31.3 million, compared to $(2.4) million in the prior quarter.
Weighted average basic shares of Class B common stock outstanding were 15,693,900 and weighted average fully diluted shares of Class B common stock outstanding were 15,718,441. As o
Mar 16, 2022
2 ea156901ex99-1_rumbleon.htm
Exhibit 99.1
RumbleOn Reports Record Operational and Financial Results for the Fourth Quarter and Full Year 2021
●4Q Pro forma Used Retail Powersports Revenue up 164%, Used Retail Unit Sales up 87%
●4Q Revenue of $440.9 million; Full Year Pro forma Revenue of $1,586.1 million, reaching the high end of the Revenue guidance range
●4Q Net Income of $20.7 million and fully diluted Earnings Per Share of $1.35
●Full Year Pro forma Net Income of $45.5 million with Pro forma Adjusted EBITDA of $117.4 million
●Management to host a conference call today, March 16, 2022, at 8:30 am ET
IRVING, Texas – March 16, 2022 – RumbleOn, Inc. (NASDAQ: RMBL) (the “Company” or “RumbleOn”), the nation’s first technology-based omnichannel powersports platform, today announced operational and financial results for the three and twelve months ended December 31, 2021. RumbleOn management is hosting an investor call to discuss the Company’s results today, March 16, 2022, at 8:30 am ET. The Company issued a Shareholder Letter with management commentary and financial information, which is available on RumbleOn’s Investor Relations website.
Marshall Chesrown, RumbleOn’s Chief Executive Officer commented, “We are excited to report a record year for RumbleOn, as we accelerated the flow through of inventory acquired online through our retail locations. We generated $117.4 million in pro forma adjusted EBITDA, while delivering nearly $1.6 billion in pro forma revenue, all the while making meaningful strides towards our long-term objectives.”
“Consumers are demanding convenience, personalization, and affordability everywhere they shop, and Powersports is no different. We are reimagining the customer experience, both online and in the showroom, and we are making great strides in our mission to build the future of Powersports. Our strategy to combine the online with the in-store experience is working. On a comparable pro forma basis in Q4, we sold 87% more used retail Powersports units and generated 164% more revenue from these sales compared to the same quarter last year. We are laser-focused on building an unparalleled customer experience in Powersports, and we are confident that this is the most durable way to deliver long term value to our stakeholders,” concluded Mr. Chesrown.
Shareholder Letter
RumbleOn issued a shareholder letter with operational and financial results, outlook, and management commentary that can be accessed on the quarterly results page of the Company’s Investor Relations website at https://investors.rumbleon.com/quarterly-results.
Conference Call Details
RumbleOn’s management will host a conference call to discuss its operational and financial results, and provide a detailed outlook on March 16, 2022 at 8:30 a.m. Eastern Time. A live and archived webcast can be accessed from RumbleOn’s Investor Relations website. To access the conference call telephonically, callers may dial 1-877-407-9716 (or 1-201-493-6779 for callers outside of the United States) and enter conference ID 13727311.
About RumbleOn
RumbleOn, Inc. is the nation’s first technology-based omnichannel powersports platform. Headquartered in the Dallas Metroplex, RumbleOn is revolutionizing the customer experience for outdoor enthusiasts across the country and making powersport vehicles accessible to more people, in more places than ever before. To learn more please visit us online at https://www.rumbleon.com/.
Cautionary Note on Forward-Looking Statements
This press release may contain “forward-looking statements” as that term is defined under the Private Securities Litigation Reform Act of 1995 (PSLRA), which statements may be identified by words such as “expects,” “projects,” “will,” “may,” “anticipates,” “believes,” “should,” “intends,” “estimates,” and other words of similar meaning. Readers are cautioned not to place undue reliance on these forward-looking statements, which are based on our expectations as of the date of this press release and speak only as of the date of this press release and are advised to consider the factors listed under the heading “Forward-Looking Statements” and “Risk Factors” in the Company’s SEC filings, as may be updated and amended from time to time. We undertake no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law.
As disclosed in a Form 12b-25 filed earlier today, as RumbleOn completes its first year 404 assessment of internal control over financial reporting, the Company currently anticipates that it will disclose in its Form 10-K for the year ended December 31, 2021, a material weakness relating to general controls over information technology. RumbleOn does not expect this material weakness will impact the financial information reported in this press release. Furthermore, RumbleOn has performed additional analyses and o
Nov 15, 2021
2 ea150581ex99-1_rumbleon.htm
Exhibit 99.1
RumbleOn Reports Financial Results for the Third Quarter 2021
Increases Guidance for Full Year 2021
Technology Drives Used Powersports Retail Sales up by 53% year-over-year
Powersports Gross Profit per Unit Retailed eclipsed $5,500
Management to host a conference call today, November 15, 2021, at 8:30 am ET
DALLAS - November 15, 2021- RumbleOn, Inc (NASDAQ: RMBL), the
nation’s first technology-based Omnichannel marketplace in powersports, today announced financial results for the three months ended September 30, 2021. Management is hosting an investor call to discuss results today, November 15, 2021, at 8:30 am ET. Supplemental financial information is available on RumbleOn’s investor relations website.
Management Commentary:
Marshall Chesrown, Chief Executive Officer commented, “We are the nation’s first technology-based Omnichannel marketplace in powersports, and we are on a mission to transform the powersports industry. On a proforma basis, we delivered $392 million in revenue, $89.4 million in total gross profit, and $23.6 million in Adjusted EBITDA in Q3, based on net income of $(22.5) million. Based on our Q3 results and continued momentum we are increasing our guidance ranges for the full year 2021.”
“A key component of our Omnichannel strategy is growth in used unit sales and we’re already delivering results. Year-over-year, used retail unit sales were up 53% in Q3 and in September alone, we drove a 65% increase in used retail unit sales. Our cash offer technology brings in high quality used inventory, which attracts more riders and drives more volume in used unit sales, and we are experiencing improved capture rates at our retail locations. By deepening our presence in existing markets and expanding into new markets through strategic acquisitions, we have set the flywheel in motion. This model further strengthens our Omnichannel offering and enables us to quickly and effectively gain market share.”
“We are pleased with our strong third quarter results and the progress we have made, but this is only the beginning. We are moving fast and we’re moving with discipline. We are executing on our strategic priorities and are committed to delivering sustainable, long-term value for our shareholders,” continued Chesrown.
Recent Business Highlights
●Closed its business combination with RideNow on August 31, 2021, becoming the first Omnichannel in powersports.
●Began building and deploying inventory management systems to accurately aggregate the data for future accuracy stocking and inventory decisioning.
●Extended its cash offer technology for use in all physical locations, and increased capture rates year-over-year.
●Unveiled proprietary technology in acquiring and processing of used units with reconditioning capabilities, photos via a state-of-the-art and fully automated photo/video capture system.
●Opened a 60,000-square-foot fulfillment center in Orlando, Florida, leveraging its proprietary technology for detailed descriptions and inspections to standardize the online presentation of risk-free purchasing by consumers and dealers.
●Entered into a definitive agreement to acquire powersports retail location in Jacksonville, Florida.
●Entered into a definitive agreement to acquire Freedom Powersports; acquisition will add 13 locations, bringing RumbleOn to Georgia and Alabama and expanding its footprint in Texas.
Third Quarter 2021 Financial Highlights
RumbleOn completed its business combination with RideNow on August 31, 2021. RumbleOn is providing financial results on a GAAP, or “as reported,” basis and on a proforma basis, which assumes the business combination with RideNow closed January 1, 2020. The Company has also provided tables with the key operating metrics on both an “as reported” and proforma basis below. Supplemental financial information is available on the investor relations website.
Summary Financial Results, As Reported
On a GAAP basis, RumbleOn’s financial results for the three months ended September 30, 2021 include RideNow’s results for the month of September 2021. Unless otherwise noted, all comparisons are on a year-over-year basis for the three months ended September 30, 2021.
● Total vehicle unit sales were 8,518, reflecting an 99.8% increase from 4,263 in Q3 2020. Total powersport unit sales were 5,490, up from 747 in Q3 2020.
●Total revenue was $221.2 million, an increase of 88.1% year over year. Total powersports revenue was $105.5 million, up from $7.5 million.
● Total gross profit was $37.4 million, up from $16.8 million. Total powersports gross profit accounted for $28.4 million, or more than 75% of gross profit, up from $1.9 million in Q3 2020.
●Powersports Gross Profit per Unit Retailed1 (“powersports GPU”) was $5,542.
●Sales, General, and Administrative Expenses were $37.6 million, compared to $13.3 million in Q3 2020. Advertising and Marketing expense was $4.2
This page provides RideNow Group Inc. (RDNW) earnings call transcripts from SEC 8-K filings along with AI-powered predictions for post-earnings price movements. Our machine learning models analyze historical earnings data, pre-earnings price patterns, volume changes, and volatility to predict 1-day, 5-day, and 20-day returns after each earnings release.
Earnings transcripts are sourced directly from SEC EDGAR filings. Predictions are generated using gradient boosting models trained on RDNW's historical earnings reactions. All predicted returns are shown as percentages, and predicted prices are calculated from the closing price at the time of prediction. Past performance does not guarantee future results.